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in washington. let's start with this. president obama and his republican opponents are about to go over niagra falls in a barrel, but nobody knows for shush how bad it's going to be. will the economy smash on the rocks below? will the stock market plunge a thousand points and keep on dropping? will the world money watchers see the u.s. drowning in its own dysfunction? or will obama and the dead-end opposition it faces be saved by the public's horribly low expectations of what they can do? what will prove stronger for obama and boehner? the barrels they're riding in or >>> heading over niagra falls in a barrel. let's play "hardball." >>> good evening. i'm chris matthews in washington. let's start with this. president obama and his republican opponents are about to go over niagra falls in a barrel, but nobody knows for shush how bad it's going to be. will the economy smash on the rocks below? will the stock market plunge a thousand points and keep on dropping? will the world money watchers see the u.s. drowning in its own dysfunction? or will obama and the dead-end opposition it faces be saved b
here in washington and around the country, do you -- does the white house feel any obligation to tell fellow democrats to debate this issue but debate it in a peaceful and -- >> the president believes in, you know, debate that's civil. i haven't seen those comments and i'm not sure that they mean what some would interrupt them to be -- interpret them to be, i just haven't seen them. the president has always opposed so-called right to work laws. as he said, those laws are generally political and not economic. they're more about the right to earn less pay than they are, you know, helpful to our economy. . he presented his views on that issue. ? when we were asking about the chicago teacher's strike before the election, you said it was a local issue and the president has, quote, not expressed any opinion or made any assessment about this particular incidence -- incident going on in his hometown. why is this different? it's playing out in michigan, we saw in it wisconsin several months ago. i understand he was in the state of michigan but he's from chicago. why -- >> the president's posit
and why it could be a good idea. your money starts right now. >>> congratulations, washington. you achieved nothing this week. this is "your money." president obama's offer to avoid the fiscal cliff was laughed at by republicans last week. this week the gop counter offered. theirs, extend tax cuts to the everyone including the rich. $2.2 million in areas from closing loopholes and deductions, savings on health care and cuts in discretionary spending. other than that, no specifics. president obama said the gop must agree to one thing to get anywhere close to a deal. >> we have to see the rates on the top 2% go up. we're not going to get a deal without it. >> speaker boehner fired back. >> this week we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't negotiate with ourselves. >> here we are just weeks away from going over the fiscal cliff. you probably wonder what's going on in these houses in washington. they put themselves and their political gains first and put their future in prosperity second. hey, you voted them in. remem
's foreign relations and what's next for president morrissey. washington redskins -- ♪ host: is this sunday, december 16, 2012. the flag over the u.s. capitol, over the white house, and in many locations across the country are at half staff today because of friday's school shooting in newtown, conn.. the nation's newspapers are full of details about what happened on friday. we would like to hear from you your opinions on how america can prevent mass shootings. is it the role of government or society to stop them? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. or join the conversation on facebook by looking for c-span and weighing in. you can also e mail us, journal@c-span.org. here is the first page -- front page of "the hartford current" this morning. "day of grieving." the top headline, along with a list of the victims. the employees, all women. the children, all around the age of 67. this is "the sunday bulletin." "residents gather to find comfor
of it is prevalent in the papers. wednesday with congress and the president heading back to washington. here is a headline on "usa today." in the wall street journal -- if the in "the washington post." we welcome your phone calls. we will get to them in a moment. we did find another piece at politico. there you have it in the papers this morning about people being optimistic or pessimistic about things. i want to dig a little bit deeper into "the wall street journal" piece. i we will probably see some what of a flurry of activity tomorrow. if first call. what is your name and where are you calling from? i think that caller is gone. let's try the next call. caller: i am optimistic because this is a great country. we are one nation under god that. i think people ought to turn to their faith during these times because we have always needed to through hard times. host: how will this play in washington but the fiscal glove? caller: i think the republicans are going to have to give it more than the democrats. president obama is basically going to do with the people voted him in for. i think he wil
the alternative minimum tax is affecting fiscal negotiations. "washington journal" is next. ♪ ♪ host: 25 days to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of the year. no formal talks between the two sides are scheduled today. will go outside the nation's capital to get your voice involved. republicans -- democrats -- independents -- send us a tweet, post your comments on facebook, or send us an e-mail. we begin with some of the papers across the country today and how this latest proposal from house republicans is playing out in the papers. courtesy of "the atlantic journal-constitution" -- here is "the denver post" -- finally, here is "of the arizona republic" -- here is "the washington post" on what is inside this deal -- we want to get your take on this. what do you think? ted in new york, a democratic caller. what do you think? caller: good morning. i do not think it goes far enough. i think it was greenspan that i heard last week said in a discussion panel that a rec
in a barrel. let's play "hardball." ♪ >>> good evening. i'm chris matthews in washington. let's start with this. president obama and his republican opponents are about to go over niagra falls in a barrel, but nobody knows for shush how bad it's going to be. will the economy smash on the rocks below? will the stock market plunge a thousand points and keep on dropping? will the world money watchers see the u.s. drowning in its own dysfunction? or will obama and the dead-end opposition it faces be saved by the public's horribly low expectations of what they can do? what will prove stronger for obama and boehner? the barrels they're riding in or the power of niagra falls itself? joining me now is politico's jonathan ryan. how about an answer on that one? what's going to protect these guys more? the low expectations people have about them getting anything done or failing to do what they set out to do. they all set the deadline. they have the -- what do you call it. the stakes are clear, the payroll taxes, income taxes, you name it. they put it all together. and if they blow it, who's going
of washington; right? low for a deal to meet the deadline. the markets show traders, well, they are not exactly optimistic. right now, stocks down 69 points, moving lower for the fifth straight session. one crisis, however, has been averted on the east coast and gulf coast. a massive looming port strike will not happen, at least for now. going live to miami ahead in a few minutes for up to the minute details on that and why it's not -ealing a blow to the u.s. economy. first, stocks, as we do every 15 minutes, going to the floor. new york stock exchange. lauren is there watching it. any indication from the investors and traders about a deal? are they telling you if they have an inside scoop? >> they do not have an inside scoop, but there's con play sen sigh, and stocks stuck in the range, down half a percent for the broader market, down for five days in a row waiting, two hours from now, to hear somebody in washington say something about fiscal cliff, and then we'll move on that news, but traders are saying if we get a deal done, we'll see the market take off. we have not seen a santa claus rall
sarah kliff, a health care reporter with "the washington post." as we continue our series, we want to take a look at different aspects of what we can expect as we face the january 1 deadline. we want to talk about the said likely the doc fix. many people say you have to understand the doc fix. guest: it is something we have had since about a decade ago. back in 1997, congress set a formula for how to pay doc fares. it worked for about five years until the cost of health care started growing. what we have seen every year is congress passed a temporary pay patch to make up the difference. every year, we get to the end of the year and there is this impending gap. right now if we do not pass it, medicare salaries will go down by 25%. everyone thinks the doc fix is not a good idea and we should fix it permanently. it is something that we face every year. host: if nothing happens next year, the cost is estimated to be $25 billion. over two years, $41 billion. guest: it is expensive and we always have to find a way to pay for it. we are looking for some other cuts that we can make to tota
by chicago tribune columnist clarence page. live recalls, tweets, an e-mail. "washington journal" is next. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] h., congress returns later this week to washington with eight days to go to avoid the so- called fiscal cliff. two republican senators on the sunday talk shows yesterday say they agree with the president's position that both sides should avoid tax hikes on middle-class americans. also, nra executive said the group would not support any new gun laws in this country. good morning this monday, december 24, 2012. we will begin this morning with your thoughts on religion and politics. as a religion influence your political decisions? also send us your tweet if you go to twitter.com -- we will begin with the sunday review section of the "the new york times" yesterday. we want to get your take on this. it does religion influence your politics? with more people saying they are unaffiliated. we want to get your take. here are some comments from facebook this morning. what are your
wash memorial -- at a washington memorial service he is expected to attend the final memorial with the first lady. >>> travel was a real nightmare for a lot of people earlier this week, but not today. good news for those of you heading home for the holidays. david lee miller, david? >> doug, what a difference a couple of days makes. some 5. million americans will be flying this holiday season. you can take a look at laguardia, despite this is one of the busiest travel days of the year things are moving like clockwork. not a single flight has been canceled that we have seen so far or delayed. some of the arrivals are getting here earlier than expected. as you mentioned just a couple days ago there were some 1,000 cancellations. that's when a storm slammed the midwest. now for the most part system wide there are very few problems to report. only 40 cancellations and about 500 delays. this is across the entire united states. we talked to a couple of travelers here at la gay you are de yaw. at laguardia. they always prepare for the worst, but it looks to be a relatively easy trave
. >> it's over. she's feeling better. in washington state at midnight when the clock struck midnight, pot became legal. depending on who you ask. but they voted and pot is legal and gay marriage is legal in washington state. gay couples lined up and at midnight, they had several ceremonies and several gay couples were married. one of them was dan savage, sex columnist, very well-known. >> bill: no kidding. >> he married his long-time partner, terry in washington. if you're in washington state, i would suggest you get high and then go get married because you're going to need it if you're planning on getting married. welcome to the club. for those of you getting married. >> bill: congratulations again to the voters of washington state for doing the right thing there and to the voters of washington state and colorado for doing the right thing when it comes to marijuana. but i would say on disappointing news to me is that the justice department yesterday announced that they want everybody to know that pot is still an ille
and forth there are signing of a compromise. steve centanni is live in washington. are the two sides any closer together? >> reporter: there are two important signs today. speaker, house speaker john boehner met with president obama at the. we don't know how long they met or exactly what they talked about, but the white house says lines of communication are open and face-to-face meeting is on important. at the same time republicans say they will accept the demands for higher taxes on the wealthy if it goes along with spending cuts entitlements like medicare and social security. listen.... >> a lot of people are putting forth a theory. i think it has merit where you give the president 2% increase he is talking about on the top 2 percent. i am beginning to believe that is the best route for us to take. >> reporter: many other republicans, of course, standing firm against any tax increase. they could give the speaker a hard time if he tries to pass the kind of legislation corker was talking about there. >> and how are the democrats reacting to accept the higher tax rates? >> reporter: they
are slowing, down 12,000 to 350,000 last week. carol? >> thank you very much, washington. alison kosik thank you so much. >>> growing outrage over the decision of a new york newspaper to publish a map with the names and addresses of people who have gun permits. the interactive map was created with information available publicly. it pinpoints the location of legally licensed permit holders for handguns. we reached out for a statement from the newspaper, it sent us this, "the massacre in newtown, connecticut, remains at top-of-mind for many of our readers. or readers are understandably and keenly interested to know about who owns guns in their neighborhoods." scott summervila is president of the westchester new york fire owner association. he is on the list and joins me this morning. >> good morning, how are you? >> i'm good. you opened the newspaper and see your name, is that how you found out? >> yeah, actually i got a bunch of phone calls and said hey, by the way, this is not the first time they've done it. they've printed our names in the past but it's the first time they made it google ea
the 2012 presidential campaign. we will be live with your calls, tweets, and e-mails, "washington journal" is next. ♪ host: good morning , president obama is in hawaii this weekend for the christmas holiday with his family. he will join a congressional delegation later today led by harry reid in services in holland -- in honolulu for late senator daniel inouye passed away last week that congress will return monday to continue fiscal negotiations. we will look at the options ahead for the president as the january deadline looms but we want to begin with your comments on another debate front and center in washington following the tragic shooting in newtown, conn. -- that is gun-control. "the washington post" said a bitter fight ahead. the numbers are on your screen. we look at some of the headlines on the sunday morning beginning with "the connecticut post." - you can see the flag remaining at half staff outside one of the churches in newtown, conn. following the burial of 20 children and six women killed about a week and a half ago. this is from the front page of today's "new yor
at the washington cathedral, it was his really earliest political inspiration. both the president and senate majority leader reflecting on daniel inouye both a long time legislator but two days they will be getting back to work on the fiscal cliff. >> heather: the difficult job of reporting from hawaii, thank you so much, ed. >> gregg: the mother of john hammer telling her son is now in a louisiana hospital. he was released from a mexican prison last week after months behind bars. mexican authorities arrested him after he carried an antique shotgun into their country, even though he says he legally declared the weapon and had a permit for it. today his dad reportedly brought him to the emergency room during their drive back together to florida. his family reported he had a stomach flu of some sort. earlier his mother was clearly relieved to hear that her son was on american soil. >> it was like my first night that i slept all night long without getting up. it was just the thought of not wondering what is going on with him. can anyone hurt him? he is eating and he is able to actually have a m
right now are planning to make new year's eve plans here in washington, d.c. we're not so sure we're getting out of town yet. >> they should be plans you can cancel if case you have to go right back to work. let me ask a question. jessica says pressure is a great motivator. talk about pressure last night on speaker boehner, couldn't get enough support from his own party for his plan. what does that mean for any kind of bipartisan plan they might be working out? >> it really does illustrate how difficult it is going to be for democrats to even achieve what the president laid out tonight, a scaled down version. the speaker himself said a couple of times today that he believes that the reason why he didn't get even the majority of the caucus to support him was because of a lot of difficulty voting to raise taxes, voting for anything that can be perceived as a tax increase. well, what the president is talking about even scaled down version is definitely raising taxes. and raising taxes on people making $250,000 or more, at least households, so that's going to be difficult to do. that'
is live in washington. >> good morning, gretchen and everybody. washington is shut down for the christmas holiday . when everybody does come back to town, the ball will be in the democrat's court because speaker boehner was unable to bring his on board. for the plan b. >> onous is on senator reid and the president to come up with a solution and present it to the house and get back to the bargaining table. >> now the president has insisted on a tax hike for the healthy but wants that at $250,000 or $400,000 and not one mill yen and even though the president scaled back his expectations for what can be accomplished some democrats said a grand bargain shouldn't be that hard to reach. >> we ought to take peeker boehner and the president's last offer and split the difference and it would be a package 2.6 trillion can couple that with 1.1 trillion and that would be close to four trillion needed to stabilize the debt and bring it down. >> the president and members was congress will return to washington wednesday or thursday and try to hammer out a deal. most likely a short-term deal to get us pa
. on the darkest day of 1990 in washington, d.c., i began my ministry. that is something people don't realize, especially those who attack those who work with the indigent or support for the struggling -- or the poor. when i was back in d.c., we had dan and bob and they sat in an irish bar around the corner and worked out the tax bill in 1987, i believe the year was. that's the kind of leadership the article was just talking about. instead of the people that call up and paris at the propaganda, we really have to be practical. -- that parrot the propaganda. a house divided cannot stand. let me give my personal example. i live on $6.66 a day. that is food stamps. that is for single adults. i live on social security, $774 a month. i am trying to go back to cornell to do sustainable energy. we are in a double down on reaganomics in despite. jimmy carter had great inflation because for five years we were a peaceful country again. then reagan put us back into the largest military buildup in peacetime. i think that's what we ought to do is realize that did not work, just like some of the new deal st
-- facebook page. the american people get it. washington is addicted to spending someone else's money. the house has passed two bills that would avert the fiscal cliff. in august to pass a bipartisan bill. the house passed legislation to avoid sequestration by cutting spending. our plan is to take your calls and hear from you over twitter, and to wait it out, to wait and hear what we hear from capitol hill. our cameras are on capitol hill and we hope to be able to give you some coverage of briefings happening on the hill. so far, the house is out and the senate will be out shortly once they finish this series of votes. and it was 12:15 eastern, writing a major setback in fiscal cliff talks. you may have heard sheila jackson lee question this. that negotiations between harry reid and mitch mcconnell suffered a major setback after republicans demanded the inclusion of a new method for calculating benefits for the package. change came from progressives to result in lower payments. part of the current negotiations on the scale down deal, they say that they gave ground on other issues, inc
. looking at some other stories in the news -- the washington post also covers that keeping the justice department had to toughen gun laws ahead of the election. that is the headline. much of the effort was put on hold until after last month's election. according to several officials who knew about the effort. in here is what the story also says. the guns were not on the table according to one anonymous source because everything was shut down in that debate. as we dig into this year, it says the recommendations were discussed with attorney general older and his deputies. there was no indication it was sent to the white house. the recommendations could have had an impact on the access to guns for drug users, criminals, or people with a history of mental illness. host: let's go to the phones and hear from our first caller this morning. greg? caller: good morning, how are you? they talk about needing to have background checks and all of this stuff, but that is not the problem. what it is, i will tell you. they say background checks? it is not background checks, it is your personality, your
is that if there is some movement until the positive direction, which have not seen out of washington and enter a long time, -- in a long time, at least we will not see head winds. we are making some progress. i see that continue. >> i want to come back to what todd said earlier. i am concerned about confidence being fragile. todd reference what happened until august of 2011. we saw in limited to lie confidence tank. market confidence grew jog with some of the market confidence plunged. i think we have to be concerned -- market confidence plunged. if we look like we are not grappling with these key challenges. what happens on january 1, everybody is saying it is a fiscal clove -- a fiscal slope, not a fiscal cliff. it is not like a zombie accomplice happens. if market confidence was up the window, that could be damaging. >> i think is likely there is going to be a deal, some other deadline for another deal next year. it is really important and they not said a whole series of opportunities to have that kind of collapse again. they have a couple months, but they have to make sure whenever they come up with f
to this story. you will keep a straight face because it's important. >>> the "washington post" is reporting the u.s. army is getting rid of soldiers, dismissing them because they don't meet fitness standards. obesity is a rising concern in the armed forces, has even been cited by military officials as a national security concern. between 1998 and 2010, the number of active duty military personnel characterized as overweight or obese has more than tripled and now the leading cause of ineligibility for people who want to join the army, according to military officials. want to know what the healthiest states are? >> i want to know how to live longer. the u.s. today says sitting on the set of a show is not the way. >> sitting too much or in snow too much. unless you live in vermont, massachusetts, connecticut or utah. >> unhealthiest, alabama. >> will die. >> south korea, west virginia, arkansas, louisiana, mississippi. >> what all those states have in common. north carolina. i see no trend. h i was in the land of -- let's do the news. >> i just was, actually. >> two sides of the story. >> okay
things done in washington than playing politics. i think to recognize there's been real progress made, right the border is safer today, the immigration system is better, the two parties worked together to do that over the last few years. there are still some meaningful things that need to get done. the d.r.e.a.m. act, we have to fix the low-end and high-end visa system. the mexicans are going to do a whole boar border system. i think there will be a lot of room to work together next year to get something meaningful done. if the republicans are earnest and play it straight i think they'll get a lot of credit for working with the democrats to fix the broken immigration system and making it better. jon: getting something meaningful done, it seems like a longtime since that's happened in washington. we'll look forward to it. simon rosenberg. kate obenshane thank you much. jenna: the nato alliance warning the assad regime in syria against using chemical weapons against his own people. this is an attempt to for once and for all crush the 21-month rebellion there. nato is considering a turki
, the full court press, coming to you live from our studios on capitol hill here in washington, d.c. great to see you today. thanks for being part of the program. you can really be part of the program if you jump into the conversation the purpose of the "full court press" is not what it's all about, not just to tell you what's going on here around the country and around the globe. there is lots to talk about, but to get you involved in the conversation, give you a chance to sound off early this morning on the topics of the day. of course, you do so by giving us a call a lot 866-55-press, our toll-free number. we will pay for the call. just hear what you have to say. you can follow us on twitter at bp show on face book dog, facebook.com/bill press show and your chance to talk to other "full-court press"ers around the land about the issues of the day and the -- in the chat room at current.com. follow the chat room link. you are there, joining the entire "full-court press." cyprian bold with a classic, classic t-shirt. peter: the warrant bullets. >> bill: i sai
looking to washington d.c. for a bailout. the city of dedroit only have thee million in the bank. they need a bailout or hand out toward the federal government because they overwhelmingly in wayne county voted for the president of the united states. sounds like they are heading for bankruptcy. >> brian: do you know what your elected officials are doing. passing a bill to ban the word lunatic. >> gretchen: people will not be able to watch and call us that. should we give billions of hard earned american dollars to egypt even though we can't pay our own bills? congressman bucan an said it is amoral. >> the pent depon is preparing for massive cuts. pentagon today is scaling back and became the triangle. ♪ ♪ are you ready for this? ♪ snot ♪ nouncer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. and with my bankamericard cash rewards credit card, i love 'em even more.
in particular caused washington to give unusual deference to his judgment. while the report concludes that there were systemic failures at senior levels of the state department, significantly it does not make any formal recommendations for discipline airy action, bill. bill: what else should we know that's in there, catherine? >> reporter: well the missing piece really, and this is the critical policy piece, is why it was that the obama administration specifically, the secretary of state, advocated for this light footprint on the ground in benghazi when the intelligence seemed to suggest otherwise? secretary clinton will not be testifying this week citing doctors orders she remain at home as she recovers from this concussion. instead we'll hear from two of her deputies. >> when you hear the testimony of deputy secretary burns and deputy secretary nines remind they are standing in for her, so the testimony they give on thursday will very much reflect her view and how we should two forward from this report and how we should learn its lesson. >> reporter: two main takeaways here that sec
to reach a tax-and-spending deal in washington. the president just spoke at length about negotiations and we'll get to that in a moment. but earlier we heard a stern warning for uncle sam, meaning all of us, from one of the world's leading credit rating agencies. fix the fiscal crisis or risk a downgrade. fitch warning again that it may strip the united states of its aaa credit rating if washington is unable to strike a deal to avert these big tax hikes and spending cuts that we're going to see at the end of this year and also to allow borrowing to rise. now this is not the first time we've heard of these warnings or have seen america's credit take a hit. in 2011, standard & poor's cut its u.s. rating to double a from aaa blaming political brinkmanship for preventing on a agreement on raising the debt ceiling. we heard the president talk about the standoff in debt negotiations, a deal our stuart varney said is raising red flags. here is what he had to say earlier on his show. >> right after the election the boss of big labor, richard trumka led a delegation of leftists into the white
is returning to washington this morning to try and work out a deal. with just five days left now, is there enough time? nbc's white house correspondent, peter alexander, good morning to you. >> reporter: good morning to you and most importantly happy birthday to you. the president hopes to bring back sunshine from hawaii, 38 degrees here and 72 in hallelujhonolulu. today, aides on both sides say no new negotiations are scheduled and no evidence of any post christmas compromise. >> reporter: cutting his christmas vacation short, president obama left hawaii overnight for washington trying to orchestrate a deal to avoid the fiscal cliff deadline just in the nick of time. if not, the consequences will be severe. more than a half trillion dollars in automatic tax hikes and spending cuts, not that lawmakers are necessarily feeling the urgency. congress is at least officially in session today but house members, most still at home haven't even been called back to the capitol. aides on both sides including republican leaders haven't spoken in days. >> washington remains in the same fiscal
of ours coast to coast from our radio studio right here on capitol hill in washington, d.c. and our t.v. studio because we are coming to you on both radio and television. television, of course, current tv, and on your local progressive talk radio station and on serious xm satellite radio this hour. great to see you. hope you had a good weekend. we were very, very busy here attending holiday parties here in the weekend here in our nation's capitol. there is a lot of news to talk about. we will get right to it and take your calls at 866-55-press. our toll highway free number i would love to here from you on the issues of the day. i would love to hear from you on twitter @bpshow or facebook show/billpress. don't forget there is sort of a parallel universe. you can be listening to the show, watching the show you can go to the chat room and you are in with your fellow people up early this morning or your fell other "full-court press"ers ready to talk about and debate the issues we are talking about here on the air. good to see you today. we have a lot goi
will be under nato control. washington sets up the insurance exchangings under obama care. so far 23 states opted out meaning that the federal government will have to run it for them. 19 will have state run exchanges and six plan on partnering with the fids and virginia and florida are the only two states that have not made a decision. we are 18 days from going over the fiscal cliff and president and john boehner hard at work to avirt a disaster. they met at the white house for 50 minutes. neither side would go in details, but the mighting came hours after speaker boehner critized the president for an unwillingness to compromise. >> the president promised the american people a balanced approach, his proposals are anything but. he wants far more in tax hikes than spending cuts. boehner said talks were doing great. do you feel the need for speed ? that is forevermore wwe wrestler. u.s. navy let him take a ride in the fighter jet for the annual tribute for the troops. how fast did he g. he went 900 miles per hour. don't worry. they made him go through training. i wonder if he had the barf bad.
heading back to washington tonight to restart the negotiations on the so-called fiscal cliff. if mr. obama and congress can not agree on a stopgap measure, automatic hikes and spending cuts will hit americans jan 1. peter doocy live in washington with more on this peter, what is the latest? >> reporter: gregg, the president said on friday he would see it this week and maybe if lawmakers went back to home districts to drink eggnog and eat cookies and sing christmas carols maybe they would be more in touch with the hardship so many americans are going to face if the fiscal cliff is not avoided. >> there is a mismatch right now between how everybody else is thinking about these problems. democrats and republicans, outside of this town and how folks are operating here and we've just got to get that aligned. >> reporter: the president's wife and daughters are going to stay in hawaii to continue vacationing. we're told the president may rejoin them or he may not. it all depends on how negotiations progress in the next few days. gregg: well, you know what, peter? there's not lost love between boe
of the year. >> steve: not since mr. smith went to washington has the movie inspired the senate. harry reid rled it out. it is the end of the year. >> brian: it was incredible to watch the president have a 45 minute press conference and john boehner have a 45 second. >> steve: sometimes less is more . >> brian: they are not getting along. >> gretchen: one good message from the lincoln movie other than not getting assassinated. he set out what to do >> brian: he won over leaps and bounds in order to get a deal >> chris: he did. >> gretchen: that's what they are doing now. or trying tompt approaching the fiscal cliff. the democratic senate took the night off to watch the movie. doug is in washington with us. were you invited. >> of course not. you have to figure out the pop corn was free . the movie was free . we know that they love free stuff here in washington. free movie tickets may have been tough for the guys to resist. it is possible that watching the lincoln movie, may have inspired the members of congress. at the very least. we know that a minimum of 150 minutes last night. two and ha
deficits for as far as the eye can see. washington has got a spending problem, not a revenue problem. if the president doesn't agree with our proposal, i believe he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we're ready and eager to talk to the president about such a plan. >> you did speak with the president earlier this week. can you characterize that call? did he have any kind of count offer and we understand that he is making clear that it's got to be increase rates for the wealthy or no deal. are you willing to give a little bit? >> the phone call was pleasant but was more of the same. the conversations that the staff had yesterday were more of the same. it's time for the president if he's serious to come back to was a count offer. >> the jobs record indicated unemployment is down roughly a full point from this time last year. if no deal happens -- [inaudible] . why take such a risk when the job numbers are improving. >> because increasing tax rates will hit many small businesses that produc
earthquake the market will think something is going to happen in early january this is the way washington works, they walk right up to the edge of the deal, maybe even past the edge of the deal and then something happens. i still think the market believes there will be a deal, but it is a deal that might happen on january 14th. so, i don't think december 31st is a real deadline, in the mark it's mind. >> steve, tell us, what are the things that can happen that will sort of rouse the market here, move the market up or down ire way? >> well, first of all, i think the tendency for the market right now is to go higher because you have zero interest rates and zero interest rates act as a tremendous stock market flotation device. opposing investments are, you know, yielding essentially nothing at this point, so stocks become very attractive. but i still think the big story and the stories that most traders will be watching is the fiscal cliff so that's story number one. an interesting thing happened yesterday and that's the price of oil traded to an all-time high going back to october, not an a
in affecting the lives of every single american. so with washington on vacation, is this now simply unavoidable? we'll take a look for answers next. >> i think the president is eager to go over the cliff for political purposes. i think he see as political victory at the bottom of the cliff. heather: we have breaking news of yet another shooting. just crossing the wires. report that is a gunman has opened fire on firefighters responding to an emergency. this happening in webster, new york, near lake ontario. david lee miller live in our new york newsroom with the latest. david lee, what can you tell us? >> reporter: many details are still sketchy, heather but at this hour i can tell you firefighters were responding to a blaze at 6:00 this morning in the town of webster. webster is a suburb of rochester, new york. it is difficult to fight a fire when temperatures are 30 degrees. someone according to media reports, someone opened fire on firefighters. two firefighters are being treated. they will not disclose to fox news the reason for the ailment. the ap is quoting a local newspaper saying one fi
>> steve: you have a schism in the republican party. they went to washington. look they are not going to raise on anybody and we'll cut thengs . you have the other faction . republican party saying look, we didn't do so well in the last election . we have to compromise with the president to get something done . that's why john boehner said i don't have a votes mr. #2: if you give me plan b i am vetoing in. republicans were saying we are giving you something and go home. they decided plan b will not pass . they are not coming back until after christmas. mr. boehner said i tried. you cut a trial. newt kning rich sat down with bill clenton and 30 days of one and one negotiation . he said it is time to go back to that. >> my advice to them have every single committee starting january 3rd hold hearings on every lempt waste in the federal government . let the country see all of the different ways to waste money to peck up on can congressman cantor. speaking is the problem and drive issue after issue . we would like to fix the tax rates, and any time the president and democrats want to talk
optimism for a deal seems to be fading. steve is live in washington with more. >> reporter: one month away from that so-called fiscal cliff. there appears to be very little movement toward any kind of deal. president obama is using the bully-pulpit to appeal to the american people to push for immediate action to push the tax cuts for everybody except for those earning more than $250,000 a year. in his saturday address, he stressed the urgency of the situation. >> if congress does nothing, every family will see their income taxes automatically go up at the beginning of next year. a typical middle-class family of four will see income taxes rise by $2200. we can't let that happen. a families can't afford it and neither can our economy. >> reporter: republicans led by house speaker john boehner says he should quit campaigning and take care of the business at hand. republicans say they are willing to consider raising more revenue but they want to see spending cuts to go along with it. >> we need to hear they are willing to make spending cuts now, not promises of spending cuts sometime if the fu
are watching every move out of washington. the industrials opened higher by 45. the nasdaq would open higher by 10. the s&p 500 would open higher by six. >>> and the fed wrapping up its two-day meeting this afternoon. its latest policy statement is expected at 12:30 eastern. that will be followed by a news conference at 2:15 p.m. the fed is expected to announce a new round of bond purchases as its last program known as operation twist set to expire at the end of the month. we'll have special coverage at cnbc of the decision and ben bernanke's news conference starting at 12:15. we'll talk to steve leaseman live later in the program. >>> another story that you heard about yesterday, the -- you know, violence and death threats and blood and guts. big implications for big labor. that is michigan's decision to become a right-to-work state. thousands of protesters and union members converged on the capitol in lansing yesterday to object to the measure that would bar unions from requiring workers to pay membership dues and to join the union. governor snyder signed the measure into law. >> shouldn't
in washington, thanks to you to the bank of america. thanks to you, john, and thanks to your colleagues. so you may have gotten cards. we're be bringing you into the conversation. so be thinking about what you're going to ask. so without further ado, we'll bring in bob woodward. mr. woodward. [applause] >> which is your chair? >> you get the daddy chair. >> thank you. >> so the price of politics, which has become a bestseller, as all your books do, looked at the last cliff, negotiations over the previous grand bargain that didn't quite get over the finish line. what does that teach us about the current cliff negotiations? >> well, it's groundhog day. the question is who's playing bill murray. and i mean, such a repetition. it's the same players at the same seats at the table with the same doctrines. so where this goes, i think anyone who thinks they know is wrong. some people say it's a fiscal cliff. some people say it's a slope. some say it's a bungee jump. some say it's a skateboard trip. it's going to go down and up and so forth. bottom line, i think, it's no way to govern. it is a giant mis
-year, and this, when we used to go and see greenspan down in washington, he said everything else you have on your ticker, i need to see the 10 year. i need to see that every morning. nothing has happened in the ten year for the last -- i don't know. it's just not as interesting as it used to be to watch. when it's manipulated, it's not that interesting. >> one of the things about qe is that it's volatility. and you have seen implied vols down in all asset classes, including bonds. >> because things normally are volatile, that just shows us once again this is not letting things -- letting the chips fall where they may. >> yeah. i think it's baked into the cake. >> but i think he's on to something. the fact that the fed is there, the fact that the fed is trying to get ahead of the fiscal cliff and we've got these big bond buying programs. and the last time, remember, in august of 2011 when we had the last showdown, what happened? bonds rallied. >> and you said you want this to be fixed. you almost need the markets to be more volatile than they are. >> that's one of the theories that people have thr
. leadership void in washington . look who is stepping in to help settle the debate. former governor jeb bush. could it work. >> steve: no police in sight. a mob of protestors tore down a tent with children and elderly people and people with wheelchairs inside. >> two men came in with ski masks and had box cutters. >> steve: that is what happened in michigan a couple of days ago. >> brian: we'll not see commercialism like this anymore? ♪ >> brian: yeah, outlawed because they are just too loud. >> steve: really? >> brian: "fox and friends" starts -- ♪ >> this is the stage manager, ho, ho, ho. happy holidays. you are watching. "fox and friends". >> steve: very nice. >> brian: and joe did not know the news that we found out early this morning. that bralanedwars acquired by the new york jets had a ham string. >> steve: joel is america's biggest jet's fan. >> gretchen: that is insider information. >> brian: he had a bounce in the step. >> gretchen: luckily i know who that is. should we kick off the show with headlines. we now know the identity of the shooter in the mall . he had no history of
. rocket propelled grenades and ak-47s. bill: steve centanni follows up in washington. what can we report about this rescue machine? >> reporter: good morning bill. it took place early sunday after intelligence revealed the kidnapped american was in imminent danger of injury or death. dr. joseph is a medical advice sore for a group called "morningstar" development based in colorado springs. it is a group that helps rebuild communities in afghanistan. the doctor was not injured. this happened in eastern kabul province. they were abducted by a group of five men while returning to a visit at a medical clinic. an isaf spokesman describes the rescue effort. >> it was a combined operation in order to rescue int operation. seven of those captures were killed. and the task force decided to start the operation since the assessment was there was imminent danger of injury or death to the individual. >> reporter: the identity of the other two aid workers has not been released, bill. bill: what more about the knave very seal killed during this operation, steve? >> reporter: his identity is not release
with our xaernt washington correspondents. good morning, john. were you up all night? >> not all night, but we stayed on, of course, until 9:00 after it was clear that the house alternative had collapsed. but, joe, i was listening to your conversation earlier. this is not about the far left and the far right. this is about the republican party not being able to get its act together and figuring out and strategy and pursuing a strategy. >> i watched the press conference yesterday. all the reporterses, all the mainstream media reporters were saying, mr. boehner, why are you going through this exercise? this is an exercise in futility. why are you doing this? why even hold the vote? and then he can't do it and now all of you are going, see, see, you can't even do it. >> but it does raise questions about what this means for -- >> joe, it's not about the mainstream media. it's about the inability of this republican party to face the -- face political reality. the president was re-elected. his positions are much more popular where the country than theirs. they are locked into a caucus in the
this every time in washington. it gets to people after a while. regular people who just hear about it. even if it does not affect them that much. they just start to think, the government cannot do anything right. say they do. say they cut a deal. they come up with some sort of fiscal cliff solution, if you can call it that. what does the economy look like dead? >> i think that regardless of a solution, i think the economy will pick up. it is like a speed trap. you will slow down to some ridiculous slow speed when you go through that town. once you know what the rules of the roads are, you will come back through a little bit faster. connell: what are the things that we are doing right? >> well, the one area that is really picking up is homebuilding. homebuilding will do better. it will do better next year in a matter what happens in the economy. the inventory of new homes is that in inventory low. even if sales pulled even, construction will pick up. i am trying to balance that optimism with the reality when you look at past recessions, recessions are typically caused by policy mistakes. the
, listening to that conversation, a few minutes before the opening bell, front page of the "washington post," investors aren't waiting for a deal. they're selling stock, they're trying to sell homes. they're setting up shelters, gifts for taxes. this discussion is not academic by any stretch of the imagination. >> we have to avoid the cliff, period. >> yes, we do. >> we do. to your point, carl, $20 billion in special dividends have been paid out this quarter. some of the economists said this would be a jump of income in the household, payouts to dividends, acceleration into this year. >> becky and jim, who have been doing amazing work on capitol hill, did talk to grover norquist, a bit of a rematch after cramer's appearance a couple of weeks ago with grover norquist. >> obama personally moved it out two years, because he didn't want to raise taxes and damage the economy, because he said the economy was weak. the economy's not strong now. so the argument to raise taxes now is not any better than it was two years ago. i think there's a real danger we could end up with some damaging tax increa
quickly here. john harward in washington here today. thanks a lot. the cheddar, bacon, onion sandwich that boosted sales for mcdonald's in december. >> steve liesman's exclusive interview with richmond fed president jeffrey lacquer. the lone dissenter at every fed policy meeting this year. more "squawk on the street" after this. the . >>> all right. if the sight of this sandwich makes your mouth water, then you are in luck. because the mcrib is back at mcdonald's today. but how much do limited time offers really impact on sales? we're here to break down the mcrib effect. ladies, great to have you with us. rachel, i'll start off with you. what sort of impact could we see potentially in the month of december? i read in the past, in 2010 at least, one of these limited introduction offers that it actually boosted sales by almost 5%. >> i think it depends on what the lto is and what the prior year same-store comparison is. i wouldn't expect to see a positive number of the magnitude that you're discussing. actually, frankly, it will probably be something in the single digit negatives. but a
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